The Bombay Stock Exchange witnessed fluctuations in response to uncertainties stemming from the ongoing global trade war. The Sensex and Nifty indices ended the day almost flat after surrendering early gains in a volatile trading session. The BSE Sensex, comprising 30 stocks, closed at 74,332.58, slipping marginally by 7.51 points. Meanwhile, the broader Nifty index of the National Stock Exchange (NSE) saw a slight increase of 7.80 points to settle at 22,552.50.

The global trade war has created a sense of apprehension among investors, leading to a cautious approach in the markets. The trade tensions, particularly due to US tariff policies and retaliatory measures from other countries, have instigated risk aversion among market participants. This heightened uncertainty has impacted emerging markets, resulting in significant capital outflows. Despite these challenges, Indian markets have displayed resilience, standing firm amidst the trade war turmoil.

Vinod Nair, the Head of Research at Geojit Financial Services, highlighted the current market scenario, emphasizing the impact of trade war uncertainties on global markets. He noted that while the US market is showing signs of a potential correction due to tariff concerns, Indian markets have showcased stability amid the prevailing trade tensions.

In the trading session, various stocks exhibited mixed performances. Gainers included companies like Zomato, IndusInd Bank, and Infosys, among others, while Reliance Industries, Tata Motors, and Tata Steel were among the decliners. The fluctuating market trends were not limited to India, as Asian markets like Tokyo, Shanghai, Hong Kong, and Seoul closed lower. European markets also experienced a downtrend during mid-session trading, following the negative sentiment.

Foreign Institutional Investors (FIIs) were net sellers of equities worth ₹2,377.32 crore, whereas Domestic Institutional Investors (DIIs) were net buyers of equities worth ₹1,617.80 crore on the preceding trading day. The global oil benchmark, Brent crude, witnessed a 1.32% increase, reaching $70.38 per barrel.

Looking ahead, market analysts suggest that a potential recovery in corporate earnings could boost domestic market sentiments. Investors may consider favoring large-cap stocks for their stable earnings and attractive valuations. Despite the prevailing uncertainties, there is optimism that a focus on robust corporate performance could drive positive market sentiment in the future.